Costco Wholesale Corp (NASDAQ:COST) shares are moving Thursday after the company reported sales results for September. Multiple analysts raised price targets on the membership-based retailer's stock following the sales update.
What Happened: Costco reported net sales of $24.62 billion for the retail month of September (the five week-period ended Oct. 6), representing 9% growth on a year-over-year basis. Costco announced it was raising the price of its annual store membership by $5 in July. The membership fee increase went into effect on Sept. 1.
Total comparable sales climbed 6.7% year-over-year. U.S. comps were up 6.5%, comparable sales in Canada were up 5.7% and the Other International category saw 8.5% comparable sales growth. E-commerce comps jumped 22.9% year-over-year. Excluding the impacts from changes in gas prices and foreign exchange, total comparable sales were up 8.9%.
Costco said September sales benefitted by approximately 2% in the U.S. and 1.5% globally due to increased sales in the final week of the month driven by "abnormal consumer activity associated with Hurricane Helene and port strikes."
Following the sales update, Stifel analyst Mark Astrachan maintained Costco with a Buy rating and raised the price target from $925 to $935. Evercore ISI Group maintained an Outperform rating on Thursday and raised its price target from $985 to $990. Oppenheimer also maintained an Outperform and raised the price target from $955 to $980.
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Costco reported fourth-quarter financial results at the end of September. Total revenue of $79.697 billion missed consensus estimates of $79.973 billion, but earnings per share of $5.29 topped analyst estimates of $5.08. Total comparable sales were up 5.4% in the fourth quarter.
Truist analyst Scot Ciccarelli raised earnings estimates for fiscal 2025 and 2026 following Costco's quarterly results.
"Costco's stacked growth continues to be the strongest/most consistent in our coverage," the Truist analyst said.
COST Price Action: Costco shares are up approximately 37% year-to-date. The stock initially traded higher on the news before pulling back and turning negative. Costco shares were down 1.26% at $897.65 at the time of publication, according to Benzinga Pro.
Photo: Shutterstock.
好市多批發公司（納斯達克股票代碼：COST）週四股價上漲，此前該公司公佈了9月份的銷售業績。銷售更新發布後，多位分析師提高了這家會員制零售商股票的目標股價。
發生了什麼：好市多報告稱，9月零售月（截至10月6日的五週期）淨銷售額爲246.2億美元，同比增長9％。好市多宣佈將在7月份將其年度門店會員價格提高5美元。會員費上調於9月1日生效。
可比總銷售額同比增長6.7％。美國的銷售額增長了6.5％，加拿大的可比銷售額增長了5.7％，其他國際類別的可比銷售增長了8.5％。電子商務業績同比增長22.9％。不包括天然氣價格和外匯變動的影響，可比銷售總額增長了8.9％。
好市多表示，由於 「與海倫颶風和港口罷工相關的異常消費者活動」 推動了本月最後一週的銷售增長，美國9月份的銷售額增長了約2％，全球增長了1.5％。
銷售最新情況公佈後，Stifel分析師馬克·阿斯特拉坎維持了好市多的買入評級，並將目標股價從925美元上調至935美元。Evercore ISI集團週四維持跑贏大盤的評級，並將其目標股價從985美元上調至990美元。奧本海默還維持跑贏大盤，並將目標股價從955美元上調至980美元。
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好市多在9月底公佈了第四季度財務業績。總收入爲796.97億美元，未達到共識預期的799.73億美元，但每股收益爲5.29美元，超過了分析師預期的5.08美元。第四季度可比銷售總額增長了5.4％。
根據好市多的季度業績，Truist分析師斯科特·西卡雷利上調了2025年和2026財年的收益預期。
Truist分析師表示：「好市多的累積增長仍然是我們報道中最強勁/最穩定的增長。」
成本價格走勢：Costco的股價今年迄今已上漲約37％。該股最初因新聞而上漲，然後回落並轉爲負值。根據Benzinga Pro的數據，在發佈之時，好市多股價下跌1.26％，至897.65美元。
照片：Shutterstock。
